Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Rating of “Moderate Buy” from Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.13.

A number of equities analysts recently issued reports on the company. Piper Sandler decreased their target price on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Truist Financial restated a “buy” rating and issued a $12.00 target price (down from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Finally, Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DNUT. BNP Paribas Financial Markets purchased a new position in Krispy Kreme in the fourth quarter valued at about $152,305,000. Bamco Inc. NY grew its stake in Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock valued at $129,782,000 after purchasing an additional 2,588,398 shares in the last quarter. Cooper Creek Partners Management LLC grew its stake in Krispy Kreme by 43.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock valued at $72,139,000 after purchasing an additional 2,186,136 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Krispy Kreme in the fourth quarter valued at about $10,591,000. Finally, Paloma Partners Management Co grew its stake in Krispy Kreme by 6,993.4% in the third quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after purchasing an additional 859,774 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Up 0.2 %

DNUT opened at $5.36 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market capitalization of $912.81 million, a PE ratio of 31.53, a P/E/G ratio of 3.24 and a beta of 1.41. The stock’s fifty day moving average is $8.11 and its 200-day moving average is $9.96. Krispy Kreme has a one year low of $5.30 and a one year high of $17.84.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The company had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The business’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts predict that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.61%. Krispy Kreme’s dividend payout ratio is 700.00%.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.